Fieldview Capital Management LLC purchased a new stake in Core Scientific, Inc. (NASDAQ:CORZ – Free Report) in the fourth quarter, Holdings Channel reports. The firm purchased 29,563 shares of the company’s stock, valued at approximately $430,000.
A number of other large investors have also made changes to their positions in CORZ. Jericho Capital Asset Management L.P. purchased a new position in Core Scientific during the third quarter worth approximately $209,895,000. Situational Awareness LP lifted its position in Core Scientific by 42.5% during the fourth quarter. Situational Awareness LP now owns 28,756,478 shares of the company’s stock worth $418,694,000 after buying an additional 8,575,944 shares in the last quarter. Oaktree Capital Management LP purchased a new position in Core Scientific during the third quarter worth approximately $114,829,000. Vanguard Group Inc. lifted its position in Core Scientific by 18.7% during the fourth quarter. Vanguard Group Inc. now owns 33,960,320 shares of the company’s stock worth $494,462,000 after buying an additional 5,359,710 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Core Scientific by 584.2% during the fourth quarter. JPMorgan Chase & Co. now owns 3,689,053 shares of the company’s stock worth $53,713,000 after buying an additional 3,149,859 shares in the last quarter.
Insider Activity at Core Scientific
In other news, insider Todd M. Duchene sold 10,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $26.85, for a total value of $268,500.00. Following the transaction, the insider owned 2,068,895 shares of the company’s stock, valued at $55,549,830.75. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 70,000 shares of company stock valued at $1,464,400. Corporate insiders own 1.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on CORZ
Core Scientific Stock Up 2.2%
Shares of Core Scientific stock opened at $28.22 on Tuesday. Core Scientific, Inc. has a 52 week low of $10.93 and a 52 week high of $30.46. The business’s fifty day simple moving average is $23.01 and its 200-day simple moving average is $18.93. The firm has a market cap of $8.97 billion, a PE ratio of -24.75 and a beta of 5.49.
Core Scientific (NASDAQ:CORZ – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($1.04). The firm had revenue of $115.24 million during the quarter, compared to analyst estimates of $117.04 million. During the same quarter in the previous year, the business posted $1.25 earnings per share. The firm’s revenue was up 44.9% on a year-over-year basis. As a group, equities analysts expect that Core Scientific, Inc. will post 0.08 earnings per share for the current year.
About Core Scientific
Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.
Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.
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